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<ul><li>Reliance Jio is pegged to launch its broadband service, Jio Fiber, today.</li><li>Jio Fiber plans will start at ₹700 per month and can go as high as ₹10,000.</li><li>It also offers a HD or 4K LED TV and a 4K set-top box free with an annual subscription.</li></ul>Jio Fiber is pegged to launch today and Mukesh Ambani, the chairman of Reliance Industries, might be starting another tariff war -- this time, in the fixed-line broadband industry. Along with announcing the launch of the much awaited Jio Fiber, Ambani opened up a box full of freebies. These new plans will rival that of his own Jio’s ‘free for three months’ plan, which was given out at the time of the launch three years back. "Fixed line download speed in US around 90 mbps. In India, even the most basic Jio Fiber plan will start at 100 megabits per second (mbps), and we have plans to go as high as 1 gbps. India will have quality of broadband no less than anyone in the world," promised Ambani as he addressed his shareholders at his company's 42nd annual general meeting earlier this month. As per his announcements, being a Jio Fiber home will come with the following benefits. Jio Fiber plans will start at ₹700 a month Jio Fiber plans will start at ₹700 per month (for a starting speed of 100 mbps) and can go as high as ₹10,000. A Jio Fiber plan holder will be able to make calls across the country for free. Added to that, those who want to call their relatives or friends in the US and Canada can opt for a Rs 500 per month, unlimited plan. 
 
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 LED TV free with annual Jio Fiber subscription Jio Fiber offers a HD or 4K LED TV and a 4K Set-top box free with an annual subscription. Added to that, Ambani promised that their services will come bundled with many OTT platforms. “We are simplifying the purchase and consumption of content. Keeping track to multiple subscriptions and packs for favourite shows is expensive and cumbersome,” said Ambani. First day First show Premium Jio customers will be able to watch a movie on the very day it released, beamed into their homes. “We call this Jio First day, first show,” said Ambani. One family, one plan Jio will also allow seamless connectivity across voice, data and other plans. The plans will also allow the family to keep track of all the phone bills of family members. “It will give better control on GBs and allows sharing,” explained Ambani. Mixed Reality Device Mukesh Ambani's son and daughter Isha Ambani and Akash Ambani along RIL's President Kiran Thomas demonstrated gaming, shopping and learning that is possible via a mixed reality device. A mixed reality device combines the features of virtual reality and augmented reality. 
 
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 The device used for demonstration will also be available in the market soon, the company management said. Though the price was not revealed, Thomas promised that it will be 'affordable'. The complete details of Jio Fiber plans will be announced by September 5, 2019. SEE ALSO: <a href="https://www.businessinsider.in/how-to-get-jio-fiber-broadband-service/articleshow/70821752.cms" data-type="tilCustomLink" target="_blank">How to get Jio Fiber broadband service?</a> <a href="https://www.businessinsider.in/reliance-jio-fired-up-as-mukesh-ambani-joins-hands-with-satya-nadellas-microsoft-to-challenge-jeff-bezos-in-india/articleshow/70641754.cms" data-type="tilCustomLink" target="_blank">Reliance Jio fired up as Mukesh Ambani joins hands with Satya Nadella’s Microsoft to challenge Jeff Bezos in India</a>

Jio Fiber's new tariff plans include high speed internet, free television, and unlimited international calling

<ul><li>Reliance will use <keyword id="691847" type="PERSON" weightage="20" keywordseo="Google-Cloud">Google Cloud</keyword> to power Jio’s 5G services, after announcing a co-developed Android smartphone, the JioPhone Next.</li><li>As part of this collaboration, Reliance will also move some of its core businesses like <keyword id="58448" type="COMPANY" weightage="20" keywordseo="Reliance-Retail">Reliance Retail</keyword>, JioMart among others to Google Cloud.</li><li>The announcement was made by <keyword id="164502" type="PERSON" weightage="20" keywordseo="Sundar-Pichai">Sundar Pichai</keyword> and <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword> during <keyword id="6355199" type="COMPANY" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword>’ annual general meeting.</li></ul>Mukesh Ambani-led Reliance Jio and tech giant Google have come together to power the telecom giant’s 5G telecom services. This comes after both the companies co-developed the JioPhone Next, the first Android smartphone from the Indian telecom giant. At the Reliance Industries’ annual general meeting (AGM) today, June 24, Google’s Chief Executive Officer (CEO) Sundar Pichai announced that the two companies are taking their collaboration further with a new 5G partnership. <div type="Article" hostid="261" msid="83806398" title="Reliance announces JioPhone Next smartphone in partnership with Google – available from September 10" mstype="2" mssubtype="0"></div> This, Pichai said, will “allow users to connect to a faster internet, support businesses in their digital transformation, and help Jio build new services in sectors like healthcare, education, and more.” <cmsannotation type="cmsannotation" annotationid="Reliance to shift its core retail businesses to Google Cloud" comment="subhead" text="Reliance to shift its core retail businesses to Google Cloud">Reliance to shift its core retail businesses to Google Cloud</cmsannotation> Pichai made another important announcement, stating that Reliance will move its retail businesses to Google Cloud, in what will be a major win for the company against its rivals Microsoft and Amazon, who offer cloud infrastructure, too. Reliance Industries’ Chairman Mukesh Ambani said that the company will use Google Cloud to “power Jio’s 5G solutions and Reliance’s key businesses like Reliance Retail, JioMart, JioSaavn, JioHealth, and more. SEE ALSO: <a href="https://www.businessinsider.in/business/news/rils-mukesh-ambani-addresses-shareholders-at-agm/articleshow/83806120.cms">Reliance Industries’ AGM — Mukesh Ambani officially announces Saudi Aramco as strategic partner</a> <a href="https://www.businessinsider.in/tech/mobile/news/jiophone-next-smartphone-announced-check-out-features-launch-date/articleshow/83806398.cms">Reliance announces JioPhone Next smartphone in partnership with Google – available from September 10</a>

Jio and Google come together for 5G, leveraging Google’s cloud expertise and Jio’s networking prowess

(Image source- Reuters) <ul><li><keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>’s Reliance <keyword id="2003276" type="COMPANY" weightage="20" keywordseo="Jio">Jio</keyword> has stood its ground on a decision to not cover the spectrum-related <keyword id="6425811" type="UNKNOWN" weightage="20" keywordseo="debts">debts</keyword> of <keyword id="46907" type="COMPANY" weightage="20" keywordseo="Reliance-communications">Reliance Communications</keyword>. </li><li>As a result, the India’s Department of Telecommunications (DoT) has maintained its decision to deny a no-objection certification to deal, which involves the sale of around ₹200 billion worth of <keyword id="6359803" type="UNKNOWN" weightage="20" keywordseo="spectrum">spectrum</keyword> to Jio. </li><li>RCom was counting on the deal, to restructure its debt and settle its dues with a range of creditors, most notably, Ericsson, which is still waiting on a ₹5.5 billion principal payment in addition to interest. </li></ul> Mukesh Ambani’s Reliance Jio has stood by its decision to not cover the spectrum-related debts of Reliance Communications, which is owned by his brother <keyword id="9171" type="PERSON" weightage="20" keywordseo="Anil-Ambani">Anil Ambani</keyword>, according <a href="https://indianexpress.com/article/business/companies/jio-reliance-communications-spectrum-deal-on-hold/">to media reports</a>. As a consequence of this, the India’s Department of Telecommunications (DoT) has denied a no-objection certification to deal, which was signed by the two brothers’ companies in December 2017. The move effectively suspends an important<a href="https://www.businessinsider.in/anil-ambanis-rcomm-gets-a-lifeline-from-brother-mukesh-ambanis-jio-as-first-phase-of-asset-sale-is-completed/articleshow/65562272.cms"> lifeline</a> to RCom. RCom was counting on the deal, which involves the sale of around ₹200 billion worth of spectrum to Jio, to restructure its debt and settle its dues with a range of creditors, most notably, Ericsson, which is still waiting on a <a href="https://www.businessinsider.in/anil-ambanis-rcom-secures-extension-on-crucial-debt-payment-avoiding-bankruptcy-and-keeping-hopes-of-a-bailout-alive/articleshow/66347032.cms">₹5.5 billion</a> principal payment in addition to interest. The DoT first <a href="https://economictimes.indiatimes.com/industry/telecom/telecom-news/dot-rejects-rcom-jio-spectrum-trading-deal/articleshow/67154238.cms">objected </a>to the Reliance Jio’s proposed acquisition of 122.4 MHz of spectrum from Anil Ambani’s heavily-indebted Reliance Communications (RCom) a few days ago. The reason? Reliance Jio had communicated to the government that it would not assume liability for the spectrum debts that RCom still had to clear with the DoT. The disputed payment in question amounts to ₹29.5 billion. Hence, the deal was in violation of the government’s spectrum trading guidelines, which states that in such deals the buyer is liable to clear the seller’s outstanding debts. The DoT was not able to approve the deal under Reliance Jio’s conditions and reportedly left it to Mukesh Ambani’s firm to reconsider the decision. If things stand as they are, RCom will, in all likelihood, have to undergo <keyword id="128499" type="COMPANY" weightage="20" keywordseo="insolvency">insolvency</keyword> proceedings if Ericsson revives the matter in the Supreme Court. Anil Ambani’s firm is currently weighed down by ₹460 billion of debt. The deal was expected to go through after the Supreme Court ruled on 1 December that RCom could furnish <a href="https://economictimes.indiatimes.com/industry/telecom/telecom-news/sc-asks-rcom-to-furnish-corporate-guarantee-of-rs-1400-crore-to-clear-spectrum-deal-with-jio/articleshow/66877361.cms">a corporate guarantee of ₹14 billion</a> backed by a deed to a land holding for the spectrum debt, as opposed to a bank guarantee of ₹30 billion - which would have been significantly harder to obtain but it is easier to encash. However, the DoT expected Reliance Jio to assume liability in the event that there was some problem with the corporate guarantee. SEE ALSO: <a href="https://www.businessinsider.in/anil-ambanis-rcomm-gets-a-lifeline-from-brother-mukesh-ambanis-jio-as-first-phase-of-asset-sale-is-completed/articleshow/65562272.cms">Anil Ambani’s RComm gets a lifeline from brother Mukesh Ambani’s Jio as first phase of asset sale is completed</a> <a href="https://www.businessinsider.in/anil-ambanis-rcom-secures-extension-on-crucial-debt-payment-avoiding-bankruptcy-and-keeping-hopes-of-a-bailout-alive/articleshow/66347032.cms">Anil Ambani’s RCom secures extension on crucial debt payment, avoiding bankruptcy and keeping hopes of a bailout alive</a>

Mukesh Ambani’s Reliance Jio decides that it may be too expensive to give brother Anil Ambani’s RCom a lifeline after all

<ul><li><keyword id="10926" type="CITY" weightage="20" keywordseo="Reliance">Reliance</keyword> <keyword id="2003276" type="PERSON" weightage="20" keywordseo="Jio">Jio</keyword> has announced the <keyword id="11506106" type="UNKNOWN" weightage="20" keywordseo="JioPhone-Next">JioPhone Next</keyword> 4G smartphone that has been developed in partnership with <keyword id="6355629" type="DEFINITION" weightage="20" keywordseo="google">Google</keyword>. </li><li>The phone is aimed at 300 million 2G users in India, as the telecom giant is looking for the next phase of subscriber growth.</li><li>The JioPhone Next will be available for purchase from September 10.</li></ul>JioPhone Next smartphone has been announced today in partnership with Android maker Google. The highly anticipated smartphone from Jio will be available for purchase from September 10. The JioPhone Next smartphone has been developed in close partnership with Google, with an optimized version of Android. It comes with complete access to the Play Store, so users can download and install Android apps. During the AGM, <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword> said that the company aims to upgrade 300 million 2G users to 4G with the help of its affordable 4G smartphone. The company is looking towards entry-level users for its next phase of subscriber growth. JioPhone Next launch date and availability <div type="image" title="JioPhone Next" msid="83807690" hostid="261" caption="&amp;lt;p&amp;gt;JioPhone Next&amp;lt;/p&amp;gt;"></div> The JioPhone Next will be available for purchase from September 10. The price of the smartphone has not been revealed yet, but Reliance has plans to take it beyond India once it is rolled out in India. Ambani stressed that the JioPhone Next will be amongst the most affordable smartphones in India and globally. <keyword id="11506258" type="UNKNOWN" weightage="20" keywordseo="jiophone-next-features">JioPhone Next features</keyword> During the announcement, Reliance Industries’ Chairman Mukesh Ambani said that the JioPhone Next will be ‘ultra-affordable’, while still boasting of features like a smart camera with augmented reality features. SEE ALSO: <a href="https://www.businessinsider.in/business/news/rils-mukesh-ambani-addresses-shareholders-at-agm/articleshow/83806120.cms">Reliance Industries’ AGM — Mukesh Ambani officially announces Saudi Aramco as strategic partner</a> <a href="https://www.businessinsider.in/tech/news/jio-google-5g-announcement-google-cloud-reliance-retail-jiomart/articleshow/83807617.cms">Jio and Google come together for 5G, leveraging Google’s cloud expertise and Jio’s networking prowess</a>

Reliance announces JioPhone Next smartphone in partnership with Google – available from September 10

<ul><li><keyword id="6374020" type="UNKNOWN" weightage="20" keywordseo="Anant-Ambani">Anant Ambani</keyword> is the youngest son of <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>, the current chairman and managing director of Reliance Industries.</li><li>Anant, who has stayed away from his family business so far, has joined Jio Platforms as an additional director.</li><li>Delivering his first keynote speech, Anant Ambani said, “Reliance meri jaan hai”.</li></ul>Anant Ambani, the youngest son of Mukesh Ambani, has joined Jio Platforms as director. The wholly owned subsidiary of Reliance Industries has been in the news for the past few weeks as it received <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambani-may-not-be-done-selling-stake-in-jio-even-after-one-sixth-of-the-telco-is-already-out-of-his-hands/articleshow/75892898.cms">billions of dollars of investment</a> from Facebook, KKR, Vista and others. But who is Anant Ambani? The 25-year old is the third child of Mukesh and Nita Ambani. He’s the latest in the Ambani family to join the business, delivering a keynote speech at the birth anniversary of his late grandfather and RIL founder Dhirubhai Ambani. <div type="Article" hostid="261" msid="71514281" title="Meet the new generation of Ambanis — Isha, Akash, Anant, Anshul and Anmol" mstype="2" mssubtype="0"></div> “India should lead the change and Reliance should be at the forefront of that change. Reliance meri jaan hai (Reliance is my life),” he said during his speech. Anant Ambani <a href="https://www.businessinsider.in/business/news/more-than-half-of-transportation-and-logistics-professionals-still-use-a-pen-and-paper-to-manage-their-supply-chain-heres-how-blockchain-could-change-that/articleshow/71513443.cms">spent most of his life</a> at Jamnagar, Gujarat. He studied at the Dhirubhai Ambani International School and completed his graduation from Brown University in 2017. He lost a whopping 108 kilos in 18 months <div type="image" title="Anant Ambani" msid="76006049" hostid="261" caption="&amp;lt;p&amp;gt;Anant Ambani before and after the weight loss.&amp;lt;/p&amp;gt;"></div> Anant is known for being involved in social activities with his mother. But most prominently, he’s known for his drastic weight loss – he lost 108 kilos in less than 18 months. Anant has a history of chronic asthma, and the medication he took for this was the reason behind his massive weight gain. He shed the flab with a <a href="https://timesofindia.indiatimes.com/life-style/health-fitness/photo-stories/this-diet-had-helped-anant-ambani-shed-108-kgs/photostory/62381982.cms">combination of dietary changes</a> and a strict exercise regimen of 5-6 hours a day. Anantvilas, a luxury resort by The Oberoi Group, is named after him The Oberoi Group, known for its luxury hotels across and outside the country, <a href="https://www.business-standard.com/article/companies/oberoi-luxury-resort-to-be-named-after-mukesh-ambani-s-son-anant-119090100749_1.html">announced</a> its first urban luxury resort in September last year. Called Oberoi Anantvilas, the resort is named after Anant Ambani. The resort is located in a real estate corridor owned and operated by Reliance Industries and the Maker group. Joining the family business <div type="image" title="Anant and Akash Ambani" msid="75996531" hostid="261" caption="&amp;lt;p&amp;gt;Anant and Akash Ambani.&amp;lt;/p&amp;gt;"></div> While his elder siblings Isha and Akash had joined the family business early and delivered speeches during the launch of the Jio Phone 2, Anant stayed away so far. Now at the age of 25 years, he joins Isha and Akash as an additional director on the board of Jio Platforms. SEE ALSO: <a href="https://www.businessinsider.in/business/news/meet-the-new-generation-of-ambanis-isha-akash-anant-anshul-and-anmol/articleshow/71514281.cms">Meet the new generation of Ambanis — Isha, Akash, Anant, Anshul and Anmol</a> <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambani-may-not-be-done-selling-stake-in-jio-even-after-one-sixth-of-the-telco-is-already-out-of-his-hands/articleshow/75892898.cms">Mukesh Ambani may not be done selling stake in Jio even after one-sixth of the telco is already out of his hands</a> <a href="https://www.businessinsider.in/stock-market/markets/news/how-to-apply-for-reliance-industries-rights-issue-shares/articleshow/75862683.cms">How to apply for RIL rights issue shares</a>

Mukesh Ambani’s youngest son Anant Ambani who said “Reliance meri jaan hai” joins Jio Platforms as Director

<ul><li>The financial creditors of RCom have filed a motion in the NCLT to form a committee of creditors and appoint a resolution professional - a necessary precursor to initiating full-fledged insolvency proceedings. </li><li>Concurrently, RCom is hoping for an exclusion of the last 13 months in the insolvency process after initial proceedings commenced last April. Under the Insolvency and <keyword id="43550" type="EVENT" weightage="20" keywordseo="Bankruptcy">Bankruptcy</keyword> Code, a resolution has to be completed within 270 days. </li><li>RCom owes around 31 creditors - mainly the State Bank of India - around ₹500 billion.</li></ul>The financial creditors of <keyword id="9171" type="PERSON" weightage="20" keywordseo="Anil-Ambani">Anil Ambani</keyword>’s <keyword id="46907" type="COMPANY" weightage="20" keywordseo="Reliance-communications">Reliance Communications</keyword> (RCom) <a href="https://economictimes.indiatimes.com/industry/telecom/telecom-news/nclt-begins-bankruptcy-process-for-anil-ambanis-reliance-communications/articleshow/69221685.cms">have filed a motion</a> in the National Companies Law Tribunal, a bankruptcy court, to form a committee of creditors and appoint a resolution professional - a necessary precursor to initiating a full-fledged bankruptcy process. Concurrently, RCom is hoping for an exclusion of the last <a href="https://www.business-standard.com/article/companies/insolvency-woes-rcom-resolution-professional-asks-for-13-month-exclusion-119050701364_1.html">13 months</a> in the insolvency process. The company has asked the interim resolution professional for an exclusion from end-April 2018 to end-May 2019 as the initial insolvency proceedings were stayed by the National Company Law Appellate Tribunal and Supreme Court. Under the Insolvency and Bankruptcy Code, a resolution has to be completed within 270 days. <keyword id="6356812" type="COMPANY" weightage="20" keywordseo="ericsson">Ericsson</keyword> had initiated the earlier insolvency proceedings. RCom owes around 31 creditors - mainly the State Bank of India - around ₹500 billion. The cash-strapped company discontinued its core telecom business two years ago after the entry of Mukesh Ambani-led Jio. In an interesting turn of events, it was actually counting on the sale of spectrum to Jio to stay afloat, <a href="https://www.businessinsider.in/mukesh-ambanis-reliance-jio-decides-that-it-may-be-too-expensive-to-give-brother-anil-ambanis-rcom-a-lifeline-after-all/articleshow/67174546.cms">a deal Mukesh Ambani reneged on</a> because it would have meant taking partial responsibility for RCom’s dues. RCom was counting on the deal, which involves the sale of around ₹200 billion worth of spectrum to Jio, to restructure its debt and settle its dues with a range of creditors, most notably, Ericsson, which is still waiting on a ₹5.5 billion principal payment in addition to interest. After Ericcson took RCom to court and Anil Ambani was threatened with jail time, Mukesh Ambani <a href="https://www.businessinsider.com/indias-rcom-jumps-after-mukesh-ambani-bails-out-brother-anil-on-ericsson-dues-2019-3?IR=T">finally stepped in </a>and helped his brother pay down the outstanding amount. SEE ALSO: <a href="https://www.businessinsider.in/anil-ambanis-reliance-group-subsidiaries-get-hit-with-credit-downgrades/articleshow/69092059.cms">Anil Ambani’s woes get compounded with a series of downgrades for three Reliance Group subsidiaries</a> <a href="https://www.businessinsider.in/mukesh-ambanis-reliance-jio-decides-that-it-may-be-too-expensive-to-give-brother-anil-ambanis-rcom-a-lifeline-after-all/articleshow/67174546.cms">Mukesh Ambani’s Reliance Jio decides that it may be too expensive to give brother Anil Ambani’s RCom a lifeline after all</a> <a href="https://www.businessinsider.com/indias-rcom-jumps-after-mukesh-ambani-bails-out-brother-anil-on-ericsson-dues-2019-3?IR=T">India's RCom jumps after Mukesh Ambani bails out brother Anil on Ericsson dues</a>

The creditors of Anil Ambani’s cash-strapped Reliance Communications are finally making it undergo bankruptcy proceedings

<ul><li><keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword> announced that <keyword id="4056036" type="PERSON" weightage="20" keywordseo="Jio-Fiber">Jio Fiber</keyword> will be launching on 5 September 2019 bundled with a bunch of add on features like ‘First Day First Show’ and subscriptions to OTT services.</li><li>Ambani also plans on launching Jio’s own IoT network to connect 1 billion devices across India. </li><li>Jio will also develop and launch India’s largest blockchain network to keep Indian data within Indian borders by installing 1000s of nodes across the country. </li><li>Microsoft is also partnering with <keyword id="6354504" type="DEFINITION" weightage="20" keywordseo="reliance-jio">Reliance Jio</keyword> to bring Azure, Azure AI and Microsoft 365 to Indian data centers.</li></ul>Mukesh Ambani, chairman of <keyword id="6355199" type="ORGANIZATION" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword> announced a whole host of upcoming services from Reliance Jio. uring the Reliance Industries annual general meeting, Ambani shared that Jio has over 340 million users with 10 million more being added to the tally every month as the company inches close to hitting the 500 million mark. He also pointed out that the investment cycle for Jio is now complete and going forward, the company only needs marginal investments in terms of access in order to grow its capacity in order to meet demand. Ambani even asserted that Jio is 5G ready today. Making Indian businesses global Jio is partnering with Microsoft to bring the Azure platform to Jio data centers across the country. Using Microsoft’s Azure AI, Jio will be able to develop India specific solutions like speech recognition and natural language understanding for Indian languages and dialects. "Our long term partnership combines the power of Azure, Azure AI and Office 365 with Jio’s connectivity and digital solutions, which are among the most used and fast growing in the world," said <keyword id="276564" type="PERSON" weightage="20" keywordseo="Satya-Nadella">Satya Nadella</keyword> in a statement during the event. Cloud computing and challenge to <keyword id="191583" type="PERSON" weightage="20" keywordseo="Jeff-Bezos">Jeff Bezos</keyword> The partnership between Jio and Microsoft is a challenge to Jeff Bezos’ <keyword id="141088" type="COMPANY" weightage="20" keywordseo="Amazon-Web-Services">Amazon Web Services</keyword> (AWS) in the country that caters to some of the big wigs in the country like Tata, Hotstar, Wipro and Oracle. Instead of trying to win over the big conglomerates, the partnership will cater to small and medium businesses instead and help them accelerate their digital transformation. To support that mission, the service will be free for Indian technology startups and small businesses can avail it at a nominal price of ₹1,500, which is one-tenth of its official cost. Launching its own Internet of Things With a revenue opportunity of ₹20,000 crore, Reliance Jio is planning to set up its own Internet of Things. With 2 billion devices expected to go digital over the next two years in India, Jio wants to be the connectivity provider for at least half of them. Jio’s pan India Narrowband Internet of THings (NBIoT) will launch on 1 January 2020 residential, industrial and public devices. Blocking chain and keeping Indian data in India Over the next twelve months, Jio plans to install one of the largest blockchain networks in the world that will include throughs on nodes that be operation when the services takes off. Ambani states that this is a brand new data model for Indian data, specifically customer data. "Data is wealth, and Indian wealth must remain in India," he said explaining why data needs to be owned and controlled by Indians and not by corporates — especially not global corporates. Faster speeds with EDGE computing EDGE computing is bringing connectivity nodes as close as possible to the user. Over the next couple of months Jio is setting up a pan India EDGE computing and content distribution network starting will thousands of nodes. Ambani explains that, "The next frontier of content is immersive," which is why EDGE computing is important for bringing in faster downloads and faster response times. With EDGE, India and its 1,600 cities will be among the first in the world for Indian residents to experience AR, VR and MR on Jio Fiber, according to Ambani. Taking Jio Fiber Live Reliance Jio has been testing its optical fiber broadband network since August last year. Spanning over 1,600 towns, the service generated over 15 million registrations and trials are already underway in 500,000 homes. And now, it’s going to launch commercially on 5 September 2019 across India on Jio’s three year anniversary with the aim of reaching 20 million households and 15 million businesses. The welcome offer for Jio Fiber includes an HD 4K television set as well as an HD 4K set top box that supports gaming. The aim is to launch the company’s first multi-player gaming platform at zero latency. Jio also demoed its new mixed reality (MR) headset, which is a combination of augmented reality (AR) and virtual reality (VR), that its building with the help of one of the startups under its umbrella. OTT services and new movies at home A subscription to Jio Fiber is also going to come bundled with subscriptions to most of the leading premium OTT applications. Ambani said the aim is to make the subscription model more convenient for users so that they don’t have to pay and sign up for multiple services separately — they just get them all through Jio. Users also won’t have to go to the cinema to watch movies anymore. With Jio’s ‘First Day First Show’ feature, Jio Premium members can watch movies on their Jio Fiber connections on the same day that those films hit the theaters. This service won’t be available immediately but Ambani stated that it should be live by mid-2020. Back to basics Aside from the bells and whistles, Jio Fiber isn’t skimping on the basics of a broadband connection. The lowest of its plans will start at speeds of 100Mbps and go all the way up to 1Gbps. And, like Jio undercut its competition’s prices when its 4G network went live, its broadband services plans to do the same with prices starting at ₹700 per month and keeping voice calls free forever. That being said, Ambani also said the plans offered by Jio can also go up to ₹10,000 per month. Jio’s also making international calling cheaper by setting the default tariffs to one tenth of the industry average and, for US and Canada exclusively, users can purchase unlimited calling at ₹500. See also: <a href="https://www.businessinsider.in/highlights-of-mukesh-ambani-speech-at-reliance-industries-agm/articleshow/70638299.cms">Mukesh Ambani's speech at the Reliance Industries AGM had ten big takeaways</a> <a href="https://www.businessinsider.in/mukesh-ambanis-jio-console-is-trying-to-beat-google-stadia-and-hes-got-a-head-start/articleshow/70722139.cms">Mukesh Ambani's Jio Console is trying to beat Google Stadia — and he's got a head start</a>

Reliance Jio fired up as Mukesh Ambani joins hands with Satya Nadella’s Microsoft to challenge Jeff Bezos in India

<ul><li><keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>’s $72 billion net worth has made him the sixth richest person in the world. </li><li>He is now richer than Tesla founder <keyword id="6355315" type="UNKNOWN" weightage="20" keywordseo="elon-musk">Elon Musk</keyword> ($68.6 billion) and Google founders <keyword id="100155" type="PERSON" weightage="20" keywordseo="Larry-Page">Larry Page</keyword> and <keyword id="100154" type="PERSON" weightage="20" keywordseo="Sergey-Brin">Sergey Brin</keyword>. </li><li>Just four days ago, Ambani — who runs oil-to-telecom conglomerate Reliance Industries — had crossed stock legend Warren Buffet in the billionaires list. </li></ul>Mukesh Ambani is richer than ever. Indian tycoon Mukesh Ambani has become the sixth richest person in the world with his $72.4 billion fortun, beating Tesla founder Elon Musk ($68.6 billion) and Google founders Larry Page and Sergey Brin, <a href="https://www.bloomberg.com/news/articles/2020-07-14/ambani-s-wealth-beats-tech-giants-elon-musk-and-google-founders">reported Bloomberg.</a> Just four days ago, Ambani — who runs oil-to-telecom conglomerate Reliance Industries — <a href="https://www.businessinsider.in/business/news/mukesh-ambani-beats-warren-buffet-on-the-list-of-billionaires/articleshow/76896889.cms">became richer than stock legend Warren Buffet</a> after Reliance’s stock rallied in the market. Since then, Ambani has added $4.1 billion more to his wealth. Reliance share price has jumped by 25.8% since January — with analysts expecting a lot more gains in the near future. <div type="image" title="Mukesh Ambani net worth" msid="76955257" hostid="261"></div> The sudden surge in Ambani’s wealth since April is because his three-year-old telecom arm Reliance Jio <a href="https://www.businessinsider.in/business/news/mukesh-ambani-jio-fiber-and-reliance-invit-set-to-raise-over-1-billion-from-abu-dhabi-and-saudi-sovereign-funds-for/articleshow/76888352.cms">has raised more than $15.6 billion in the last four month</a>s from Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, Saudi PIF (Public Investment Fund) and more. Ambani is said to be in<a href="https://www.businessinsider.in/business/news/akash-ambani-was-the-one-to-choose-facebook-the-next-big-investments-for-reliance-jio-and-the-ideas-sold-to-investors/articleshow/76316650.cms"> talks with Google for a $4 billion investment in Jio.</a> He also <a href="https://www.businessinsider.in/business/news/reliance-is-net-debt-free-after-rs-1-69-lakh-cr-fund-raising-mukesh-ambani/articleshow/76456786.cms">declared that the $100 billion Reliance Industries is now net debt-free</a> a lot earlier than the target of March 2021. In the last decade, Ambani has doubled his wealth and in 2020, as India’s richest are losing money, Ambani is gaining more. According to Bloomberg, Ambani is slowly shifting his focus from energy to e-commerce. The next wave of growth and value for Ambani and Reliance’s shareholders is likely from the retail vertical. Reliance Retail is already the country’s largest chain and is now likely to get even bigger, as Asia’s richest man focuses on <a href="https://www.businessinsider.in/business/news/mukesh-ambani-next-goal-seems-to-be-the-retail-king-of-india/articleshow/76953716.cms">becoming India’s retail king</a>. SEE ALSO: <a href="https://www.businessinsider.in/business/news/mukesh-ambani-jio-fiber-and-reliance-invit-set-to-raise-over-1-billion-from-abu-dhabi-and-saudi-sovereign-funds-for/articleshow/76888352.cms">Mukesh Ambani is not done – Jio Fiber to get over $1 billion as Abu Dhabi and Saudi sovereign funds are set to invest in Reliance InvIT</a> <a href="https://www.businessinsider.in/thelife/news/9-mind-blowing-facts-that-show-just-how-wealthy-mukesh-ambani-the-richest-person-in-asia-really-is/articleshow/73671508.cms">9 mind-blowing facts that show just how wealthy Mukesh Ambani, the richest person in Asia, really is</a>

You Searched For "Mukesh Ambani Jio" and got 8 results

Jio Fiber's new tariff plans include high speed internet, free television, and unlimited international calling

Katya Naidu

Jio and Google come together for 5G, leveraging Google’s cloud expertise and Jio’s networking prowess

Rounak Jain

Mukesh Ambani’s Reliance Jio decides that it may be too expensive to give brother Anil Ambani’s RCom a lifeline after all

Dilsher Dhillon

Reliance announces JioPhone Next smartphone in partnership with Google – available from September 10

Rounak Jain

Mukesh Ambani’s youngest son Anant Ambani who said “Reliance meri jaan hai” joins Jio Platforms as Director

Rounak Jain

The creditors of Anil Ambani’s cash-strapped Reliance Communications are finally making it undergo bankruptcy proceedings

Dilsher Dhillon

Reliance Jio fired up as Mukesh Ambani joins hands with Satya Nadella’s Microsoft to challenge Jeff Bezos in India

Prabhjote Gill

Mukesh Ambani’s $72 billion fortune makes him richer than Elon Musk and Google’s Larry Page and Sergey Brin

BI India Bureau

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